Gateway Inc. said Monday it is eliminating 1,900 jobs, 17 percent of its work force, in the latest round of fiscal belt-tightening at the beleaguered computer maker. The company also announced plans to close 80 -- nearly a third -- of its Gateway stores by March 24 as part of a plan to save the company about $400 million a year.

Cutting its work force will allow the company to generate a positive cash flow, a key measure of a business' financial health. Roughly half the job cuts are coming from shuttering the stores. The rest are spread around Gateway's headquarters in Poway and operations and manufacturing facilities around the country.

I only mention this because Gateway Computers is a fairly large employer here in the Kansas City area wish the best of luck to any/all those affected.

1 Comment Posted

#1 by KaiserRoll on Tuesday, Mar 18 at 10:00 PM gateway or hewitt packard... those are on my "Do not ever, ever, ever, ever
buy" list